Perspective: Why users are pushing back against the world’s largest crypto exchange
on its own exchange. In traditional markets, this kind of arrangement would never be allowed, as the conflicts of interest — and potential for market manipulation — are glaring. Imagine the New York Stock Exchange or Nasdaq taking positions on different sides of trades it facilitates. No financial regulator would allow it, for obvious reasons.
But the app wouldn’t respond. Experienced in online trading, Kim switched to the two other Internet connections he had installed as backups in his house. None of them got the app to work. “So I’m just going there, going crazy, going, you know, trying to close out of that position, to lock in the profits,” he told us. “And you know, I jump on Twitter. Other people are having similar issues.”
Flash crashes in crypto markets tend to be accompanied by technical snafus or unexplained outages, including an inability to withdraw funds. On Sept.
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